Aatmanirbhar

Aatmanirbhar, bad loans, bad loans mess, fiscal measures, Fixing capitalism, ICICI Securities, India fiscal constraint, India's largest state-owned bank, Indian banking sector, indian economy, Indian economy contraction, Indian finance minister, Liquidity, Modi government, Nirmala Sitharaman, non performing assets, NPA, Overdraft: Saving the Indian saver, PSB capitalisation, public sector banks, Rajnish Kumar, S&P Global Ratings, sbi, State Bank of India, Urjit Patel

The Modi government’s plan to overcome economic slump ignores a bitter lesson from the past

History will possibly repeat itself.

2016 Indian banknote demonetisation‬, Aatmanirbhar, bank loans, CARE ratings, cost of borrowing, COVID-19, credit guarantee scheme, Global Alliance for Mass Entrepreneurship, Global Economic Disruptions, Goods and Service Tax, India coronavirus, India economic slowdown, India finance minister Nirmala Sitharaman, India micro small and medium enterprises, indian central bank, loan repayment, low productivity, Modi government, MSME, Revenue loss, utilisation level

India’s small businesses are facing a “mass-extinction event” in the wake of Covid-19

What will they do with additional lending?